New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-28
CLOSING PRICES OF BOSTON STOCKS
Boston. June ~, 1897
MONDAY. June 27-P. N.


The stock market to-day naturally would have been
feyersh and unsettled after the occurrences or last
week and the continued publications OF sensational
suggestions concerning them There also was u
continued manipulation in that direction Soon after
the opening of business and in some instances before
10 O'clock freely called and general impress
sion was created that the intention was to make the
monetary squeeze wen stringent than was last
week Hence there active early demand for call
money aud running around 10 banks ana other IMAM
cal institutions after money at unusually early hours
After O'Clock money eased up and it was after that
that the heaviest attack of the day was made on stock
values The Treasury prepayments OF July interest have
vet afforded little relief TO the situatOn the total pay
ments of interest to-day, through the Clearing House
and over the counters Of the SubTreasury amounted
only to 1919 $50 out of about 100000 to be dsourseu
at this point The transactions in stocks at both boards
amounted to 5ss554 shares-358,so4 at the STOCK
Exchange and $50, 900 shares at the Consolidated Ex-
change The markets opened ut figures below saturdays
closing prices some recovery followed and then
decline: and so the general market worked all day, up
and down within "a range Of per cent, except for the
few specials. Manhattan Elevated opened OH Per
cent at $780, sold 1877 and closed at 100 with sales OF
1900 shares. Louisville and Nashville and Pacific Mail
were specially weak and sold lower than on last Friday
at 81 l2 and 10 81 respectively The general market
recorded lowest figures for the day in the last haf
hour and generally closed with small recovcrics Truly
may be said the only dark spot In the country
is Wall Street" While these conditions born of power
10 manipulate local money rates. rule at the Stock Ex-
changes and would-be wealthy buyers are deferred
from the exercise Of individual Judgment by fear
that the powers which have done much may do more
the general business Of the country steadily advances
the railroads earnings unprecedented and new issues
of railroad bonds find ready sale. The situation is an
anomaly and like all preceding anomalies Will In time
correct ITSELF with without the aid OF the powers
which now are pressing values Before the end of this
week all the Vanderbilt trunk lines will make reports OF
their business for the current quarter aud SIX months
which, although they will include in the operating ex-
penses some extraordinary expenditures will be OF
character that will encourage investments In railroad
properties The exports Of wheat from this port alone
last week amounted ,133, 200 bushels and OF -four
10000 barrels II is reported that the el22,0oo gold
to-day withdrawn from the Bank OF England was for
shipment to the United States; bat whether ii
not the foreign exchanges ut the gold importing
point and further business at the rates VIII start the
movement The bank reserves lower than usual ut
this season. because neither the South West have
made their usual spring and deposits at this
point and they have been further reduced 10y an arth-
cial withdrawal funds for speculative purposes As
the South and West have made their usual deposits
here, the funds located where they VIII be
needed for the movement OF the crop and are not IN
New York to be drawn against they have been in
pr eyious autumns Yet to-day's stock market closed
weak at about the lowest prices OF the day.
Government bonds quiet and irregularIy nFIn
Bids Tor the per OF > and FOR the lbs were
Il higher Annexed are the closing quotations: